Bitcoin Price Prediction: Whale ends 5-year hiatus with 8,000 BTC transfer as investors flock to learn how to win the token and 783% APY

In the last 24 hours, the price of Bitcoin has fallen by less than 1%. Traded for $67,403 As of 0:37 AM EST, trading volume had increased 15% to $33 billion.

This comes as a Bitcoin address that had remained dormant for over five years was activated and a massive 8,000 BTC worth approximately $535 million was transferred to the Binance exchange.

The BTC wallet was last activated on December 5, 2018, when it received 8,000 BTC in six separate transactions. The transaction was performed when the BTC price was around $3,810 per coin.

As BTC has risen over the years, holders’ initial investment of $30.4 million has ballooned to approximately $535 million.

The transfer has sparked some speculation in the cryptocurrency community, ranging from profit taking to hints of an imminent bear market.

However, the 1-day chart shows that BTC could be poised for a bullish rally with the token trading within a symmetrical triangle pattern and well above the $60,737 support area. gecko terminal It shows.

Bitcoin Price Set for Bullish Rally Against Symmetrical Triangles

that much bitcoin price It is still trading well above its 50-day and 200-day simple moving averages (SMA), indicating that bulls are still maintaining the token in a bullish position.

Bitcoin fell 5% last week, which coincides with the Relative Strength Index (RSI) trading towards an oversold level of 30 (currently 47).

A typical Bitcoin price analysis shows that the asset is currently in a slight retracement but is still trading within a symmetrical triangle, which suggests that bulls could push the token above its upper limit.

Key indicators also show that BTC may be on an upward trajectory. RSI could open a position for bulls to stage a buyback campaign, pushing the price upwards. Currently, BTC bulls are targeting a new ATH of $90,000 in the long term.

Bitcoin Price Could Reverse

However, if bears put more pressure on this level, Bitcoin price could move back further below the lower boundary of the triangle. In this scenario, bulls could pull back towards the $56,047 support level, which is in line with the 200-day SMA.

Meanwhile, as Bitcoin bulls look for more buying signals, other investors are investing in 99BTC, an ICO that has already raised more than $2.1 million.

99Bitcoins Presale Soars Past $2.1 Million in Funding – Best Alternative to Buy Now?

that much 99Bitcoin (99BTC) The platform has been a key pillar of crypto education, addressing needs through its comprehensive resource library and groundbreaking Learn-to-Earn (L2E) model. We are well positioned to meet the explosive demand for cryptocurrency education.

The platform has over 2 million registered users and its YouTube channel has over 700,000 subscribers. With the 99BTC ICO, the project plans to gamify cryptocurrency education by allowing users to complete classes and take on challenges to earn higher rankings and rewards through $99BTC tokens.

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Learn more: https://t.co/2hlZYRFHBv#99BTC #spatial computing #web3

— 99Bitcoins (@99BitcoinsHQ) April 8, 2024

99Bitcoins also integrates with BRC-20, allowing developers to easily create dApps on the Bitcoin network.

Introducing $99BTC for BRC-20! 🎓

Since 2013, #99Bitcoin It was a learning material. #Cryptocurrency.

We are launching a platform on which you can build. #dApp above #Bitcoin Network!💡#Learn to Gain Provides rewards to users of the Bitcoin blockchain.🙌

— 99Bitcoins (@99BitcoinsHQ) April 30, 2024

Buy and stake $99BTC, get 783% annual rewards

In addition to the L2E revenue model, token holders can: Stake $99BTC Annual Percentage Yield (APY) is 783%.

According to Jacob Bury, a popular cryptocurrency analyst on YouTube, 99Bitcoins has the potential to surge 10x after launch.

You can purchase $99BTC tokens for $0.00109 each. There’s a price increase scheduled for about 6 days, so buy quickly to get the best deal.

To participate in the pre-sale: Buy $99BTC on the official website here Use ETH, USDT or bank card.

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